MEASURED MOVE UP
The idea behind a measured move is that the second leg(and probably the preceding legs) will equal the first leg in both price. That's for the ideal pattern. This version of the pattern sees the second leg meet or exceed the price of the first leg 67% of the time, followed by the third leg which might likely exceed the previous height of the first and second leg price target.
PRECIOUS MARKET PERFORMANCE:
based on lower time frame( on the 1hour time frame)
Average first leg price rise: 13%
Average corrective phase retrace: 84% in 24hours
Average second leg price rise: 13% in 48hours
Percentage meeting price target: 67%
Average third leg price rise: 13% in 72hours(or more)
Percentage meeting time target: 6% (exact matches only)
The algorithm finds three consecutive turns, starting with a minor low (bottom of leg 1) then a minor high (start of the corrective phase), and then a retrace of at least 70%, ending in a minor low (the end of the corrective phase). It's assumed that the next minor high will end the pattern at the top of the second leg and will probably continue another Leg.
Trend Measured moves are reversal patterns so look for a downward price trend leading to the start of the measured move (for the best performance).
First leg Any minor low which leads to a minor high.
Corrective phase- The algorithm looks for retraces of at least 70%. Those lead to the best measure-rule performance.
Second leg-Price ends the pattern at a minor high.
Replicate the procedure of the corrective move.
The larger the corrective phase retrace,the better the chance of meeting the next price target
SELL:0.00019768sats,0.00021948sats up to 0.00024436sats
NOTE: Price needs to close out the corrective phase before taking a position.
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.